Baylor Scott & White Health

What it reported doing in 2024

See Schedule OBaylor Scott & White Medical Center - Centennial (BSW Centennial) is a faith-based, nonprofit, 118-bed acute care hospital providing exemplary patient care services to the residents of Frisco, Texas. BSW Centennial began operations as a tax-exempt nonprofit hospital beginning March 1, 2018.BSW Centennial is affiliated with Baylor Scott & White Health (BSWH), a faith-based nationally acclaimed network of acute care hospitals and related health care entities providing quality patient care, medical education, medical research and other community services to the residents of North and Central Texas. As the largest not-for-profit health care system in Texas and one of the largest in the United States, BSWH was born from the 2013 combination of Baylor Health Care System and Scott & White Healthcare. Today, BSWH has over 1,300 patient access points including 53 hospitals, 600+ specialty care clinics, 250+ outpatient clinics, 150+ primary care clinics, 29 pharmacies, 30+ ambulatory surgery centers, 60+ urgent care clinics, and over 7,300 active physicians. The system also includes a state certified health maintenance organization, the Scott and White Health Plan and the Baylor Scott & White Quality Alliance accountable care organization both covering approximately 1,200,000 lives.BSW Centennial is a full-service hospital with more than 600 physicians on the medical staff. The hospital services include digestive care, labor and delivery, heart health, emergency and trauma care, surgical services, orthopedics, intensive care, internal medicine, and more. BSW Centennial is the only Trauma Center in Frisco and is also certified as a Primary Stroke Center by the Texas Department of State Health Services and the Joint Commission. The hospital also has the distinction of being the first Level III Maternal facility in Frisco.During the tax year, BSW Centennial admitted 6,005 patients resulting in 24,328 days of care; delivered 1,727 babies and received 22,316 emergency department visits. Additionally, BSW Centennial provided community benefits (as reported to the Texas Department of State Health Services and in accordance with the State of Texas Statutory methodology) of $27,806,074 and provided community benefits (as reported on the Internal Revenue Service (IRS) Form 990, Schedule H) of $10,770,950 during the tax year. The Texas Annual Statement of Community Benefit Standard includes approximately $17,547,238 of unreimbursed cost of Medicare that is not included in the IRS Form 990, Schedule H.See Schedule H for more information regarding these services and how BSW Centennial promotes the health of the communities.

Financial Efficiency

• Mission deployment rate: 70.2%; rating input score 70
• Program expense ratio: 87.1%; rating input score 87
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.3%; rating input score 98; 35th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 77.8%; rating input score 78; 26th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 20.6%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 1.56; rating input score 55; 55th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 2.7%; rating input score 42; 42nd percentile among comparable filings

Growth

• Program expense growth: 7% per year; rating input score 100; 57th percentile among comparable filings
• Revenue growth: 11.5% per year; rating input score 100; 82nd percentile among comparable filings
• Asset growth: 10% per year; rating input score 100; 70th percentile among comparable filings